Late last year, US-based Verizon Wireless voluntary disclosed environmental violations to the United States Environmental Protection Agency (EPA). The company audited its 25,000 facilities nationwide and discovered it violated federal environmental regulations at 655 facilities in 42 states. Why voluntarily disclose?rnThe primary advantage of primary disclosure is that the fines are less severe. In the case of Verizon, the US$468,000 the company paid for violations of clean water, clean air, and emergency planning and preparedness regulations pale in comparison to the millions in fines and legal fees the company would have faced had the EPA discovered the violations.
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